Research

Willis Towers Watson Asia Insurance Market Report 2016

Willis Towers Watson Asia Insurance Market Report provides anticipated 2017 outlook for the Asian insurance and reinsurance market across the full spectrum of specialty classes.

January 26, 2017
| China, Taiwan, Hong Kong +7 more
  • Indonesia
  • Japan
  • South Korea
  • Malaysia
  • Philippines
  • Singapore
  • Thailand

Our inaugural Asia Insurance Market Report provides Willis Towers Watson’s 2017 outlook for the Asian insurance and reinsurance market across the full spectrum of specialty classes.

Combining a retrospective analysis of events over the last 12 months with our forward looking thought leadership, this comprehensive viewpoint gives insight on the impact of the interconnected risks across physical and human capital assets.

Highlights

  • Despite the occurrence of several natural catastrophic events in Asia and across the world, the lack of market-changing losses has resulted in a general continuation in rate reduction.
  • Trends such as the rising popularity of InsurTech, increasing incidences of terrorism, geopolitical instability and regulatory change, as well as the emergence of new technologies and digitization, have created new risks for the insurance industry to understand, navigate and mitigate.
  • The report is based on quantitative and qualitative interviews with Willis Towers Watson’s leaders in Asia, revealing market conditions and key trends shaping the insurance industry in 15 Asian countries and along 12 lines of business.

Read more about our view of market conditions in 2016 and the outlook for the insurance industry in 2017 by clicking on the DOWNLOAD button.